Documentary Collection

Agencja Spedycyjna Terramar ➤ Warto wiedzieć ➤ Documentary Collection

Documentary Collection – is a form of trade finance. It defines the way how the Buyer should pay for the imported goods.

The procedure includs the following steps:

The Buyer and the Seller conclud the contract and indicate the documentary collection as a method of payment.
The Seller sends the goods to the Buyer and submits the export documents to his bank.
The Seller’s bank sends the export documents to the Buyer’s bank.
The Buyer pays for the goods and in return he gets the export documents from his bank.
The Buyer’s bank sends the payment to the Seller’s bank.
The Seller collects the payment and the Buyer collects the imported goods.

Ther are two types of Documentary Collection:

Documents against payment – the Buyer gets the export documents at the moment of making payment for the goods.
Documents against acceptance – the Buyer accepts the specified date of making payment and then gets the export documents.

Ladies and Gentlemen,

From May 25, 2018, the new Regulation (EU) 2016/679 of the European Parliament and of the Council of April 27, 2016 on the protection of individuals with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46 / EC (GDPR).
Terramar Spedycja International Sp. z o.o. fulfilling the information obligation, in accordance with Article 13 (1) and (2) of the General Regulation on the Protection of Personal Data, informs that:

1. The administrator of your personal data is Terramar Spedycja International Sp. z o.o. with headquarters in Gdynia at ul. Rotterdamska 3;
2. We make sure that these data are properly secured and that their processing is clear, reliable and in accordance with the regulations. We assure you that in our proceedings we are guided by the law regulating the principles of personal data protection.
3. Data Protection Coordinator at Terramar Spedycja International Sp. z o.o. has been designated and can be contacted by e-mail at kodo@terramar.pl;
4. Your personal data will be processed in order to perform the concluded contract or the activities entrusted to us in the field of forwarding, storage or customs clearance;
5. The data will not be made available to entities other than those authorized under the law;
6. Your personal data will not be transferred to a third country / international organization;
7. Your personal data will be stored until the contract / order is performed and the period of limitation of claims;
8. You have the right to access your personal data and the right to rectify it;
9. You have the right to lodge a complaint with the supervisory body of the President of the Personal Data Protection Office when you feel that the processing of your personal data violates the provisions of the General Data Protection Regulation of 27 April 2016;
10. Providing your personal data by you is a condition for concluding a contract / accepting an order for execution.